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Originally Posted by JAD_333
Off topic. I've been meaning to get your view on the economic stimulous payment. I was thinking about the effect it would have when it dawned on me that the brains behind it may have had something else in mind other than an economic stimulous. I don't mean the obvious political benefit. It's capped so people earning $75K and up don't get it. That almost seems like an acknowledgement of some weakness in the buying power of lower middle income earners. I would like to know your take on it.
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I posted a response here. Essentially, I think folks will either save the money for future tax increases to pay for the debt the program creates or use it to pay off current personal debt. It's consumption stimulus value will be low.
Latest Economic "Stimulus" Package
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"So little pains do the vulgar take in the investigation of truth, accepting readily the first story that comes to hand." Thucydides 1.20.3
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